Market analysis for this week
| Benzalkonium chloride |
According to the monitoring of Business Society, as of the 19th, the average price of magnesium ingots in the domestic market was 21000 yuan/ton, a decrease of 3.08% on a weekly basis. This week, the market price of magnesium ingots continued to decline. Due to weak market demand, coupled with weak prices of raw materials such as ferrosilicon and coal, magnesium prices have slightly declined.
In terms of supply and demand
At present, the price of magnesium in factories is approaching the 20000 yuan mark, and many magnesium factories have gradually reduced their profits. Production remains low, and there is a strong willingness to stabilize prices. Some large factories have chosen to stop quoting. In terms of demand, the market is severely undervalued and low-priced transactions frequently occur. Given the current gap between the prices of magnesium ingots and those of both the purchaser and supplier, there is a strong wait-and-see sentiment, with supply and demand being the main bottleneck.
In terms of raw materials
| Sodium Molybdate |
The weak situation of ferrosilicon Spot market was sorted out and operated, and the market quotation in Ningxia was around 6800-6700 yuan/ton. This week, the national orchid charcoal market remained stable after a decline. At the beginning of the week, mainstream calcium carbide enterprises continued to lower the purchasing price of orchid charcoal by 50-70 yuan/ton. Since June 13th, the reduction has been implemented in the market, and the price of orchid charcoal has accumulated a drop of 380-400 yuan/ton in five rounds of price reduction.
Future Market Forecast
Overall, the magnesium ingot market is not ideal, and demand continues to be weak, with magnesium prices operating under pressure. However, as the price of blue charcoal stabilizes, the production cost of magnesium ingots is expected to remain stable, and the willingness of manufacturers to support prices increases. It is expected that magnesium ingots will operate steadily in the short term, with a weak trend.
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